The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aspen Aerogels Inc. shares valued at $1,379,527 were sold by Whitaker Corby C on May 06 ’24. At $25.01 per share, Whitaker Corby C sold 55,159 shares. The insider’s holdings dropped to 131,533 shares worth approximately $3.5 million following the completion of this transaction.
Also, Landes Gregg sold 48,386 shares, netting a total of over 1,228,722 in proceeds. Following the sale of shares at $25.39 each, the insider now holds 29,853 shares.
Before that, Landes Gregg had sold 155 shares from its account. In a trade valued at $1,707, the SVP, Operations and Strat Deve traded Aspen Aerogels Inc. shares for $11.01 each. Upon closing the transaction, the insider’s holdings decreased to 155 shares, worth approximately $3.37 million.
As published in their initiating research note from ROTH MKM on March 06, 2024, Aspen Aerogels Inc. [ASPN] has been a Buy and the price target has been revised to $22. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid March. Earlier on December 10, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for ASPN stock.
Analyzing ASPN Stock Performance
During the last five days, there has been a surge of approximately 74.97%. Over the course of the year, Aspen Aerogels Inc. shares have jumped approximately 68.76%. Shares of the company reached a 52-week high of $27.09 on 05/07/24 and a 52-week low of $10.75 on 02/05/24. A 50-day SMA is recorded $17.26, while a 200-day SMA reached $11.85. Nevertheless, trading volume fell to 1.19 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Aspen Aerogels Inc. (ASPN)
According to the 24-hour chart, there is a support level at 25.50, which, if violated, would cause prices to drop to 24.37. In the upper region, resistance lies at 27.26. The next price resistance is at 27.89. RSI (Relative Strength Index) is 80.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.94, which suggests the price will increase in the coming days. Percent R is at 3.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
